Cummings Properties Media Release - April 10, 2009

Thermo Fisher Scientific, Cummings Center's largest client, extends lease
Cummings Properties Media Release

Beverly, MA - Cummings Center's largest client, Thermo Fisher Scientific Inc., a world leader in serving science, extended its lease for more than 107,000 square feet with Cummings Properties, LLC. Thermo Fisher Scientific reportedly considered several options in its exhaustive search for space before extending in Beverly.

According to company officials, Thermo Fisher Scientific's two premier brands, Thermo Scientific and Fisher Scientific, help its customers solve analytical challenges from routine testing to complex research and discovery. The company offers a complete range of high-end analytical instruments as well as software, consumables and reagents to enable integrated laboratory workflow solutions.

At Cummings Center, Thermo Fisher Scientific develops and manufactures a full range of water analysis instruments from pH, ISE, conductivity and dissolved oxygen meters to colorimetry, titration, and on-line process monitors. Formerly known as Orion Research, Thermo Fisher Scientific's "Orion" products are reportedly recognized worldwide for quality and accuracy, serving environmental, food and beverage, pharmaceutical and general laboratory equipment markets where precision is important.

Vice President and General Manager of Cummings Center Steve Drohosky commented, "We are pleased to continue our relationship with such an internationally renowned business partner. By signing Cummings Center's first lease before the landmark property was purchased in 1996, Orion Research recognized Cummings Properties' capability to renew and transform the then-neglected former United Shoe Machinery headquarters to its current status as the North Shore's premier office and research park. That decision established Thermo Fisher Scientific as the leader of a continually growing, multi-faceted roster of life science companies occupying more than a half-million square feet in the complex."

"More than 30 life science firms are now clients at Cummings Center including well-known companies such as Hamilton Thorne Biosciences, Beckman Coulter, Applied Biosystems, Waters Technologies and Microline PENTAX, as well as numerous start-up companies," Drohosky added. "To eliminate the typical delays and infrastructure costs that often impede emerging technology firms from locating on the North Shore, Cummings Properties invested nearly $300,000 to complete a state-of-the-art incubator laboratory cluster, enabling new research firms such as Aberjona Laboratories and Sirius Analytical to locate here."
The award-winning Cummings Center campus is also home to more than 500 diverse businesses, including numerous corporate headquarters, major software developers, high tech start-ups and law practices. Clients include Microsoft, Merrill Lynch, Goldman Sachs, Oxford Global Resources, Liz Claiborne, Wells Fargo, Hasbro, Bright Horizons and Garber Travel.

In addition, a burgeoning medical and healthcare community of more than 90 physicians includes numerous Northeast Health Systems and Partners HealthCare affiliates. Joined by fitness centers, two full-service banks, children's, adult and canine daycare, five restaurants, on-site MBTA and CATA bus service, and a 22,000 square foot branch of North Shore Community College, Cummings Center offers an attractive pond-side setting with unmatched amenities.

Senior Vice President Stephen Cook of Grubb & Ellis represented Thermo Fisher Scientific in its search for space and in the lease transaction. Drohosky represented Cummings Properties.

With 40 years experience in commercial real estate, Woburn-based developer Cummings Properties has earned a solid reputation for operations and service excellence. It leases and manages nearly 10 million square feet of prime commercial space in 10 communities surrounding Boston. The Cummings Center complex is managed by an on-site staff of more than 100 employees.